28 Russian companies in the annual rating of the largest companies globally

two companies in the world in terms of sales, profits and the volume of assets and market value, gained as the company "Gazprom" on the thirteenth largest worldwide, according to a list published in the magazine "Forbes" (FORBES) of America.The order of Russian companies on the list as follows: "Russian oil," the sixty-fourth and "Lukoil" and the seventy-sixth "Surgot Naftigaz" after the sixty-eighth percent, the bank "Spirpennek second" after seventy percent and "T-Ka BP to TNK-BP" first session after the Two Hundred and "Noreleski nickel," one after the Two Hundred and forty as well.She ranks first in the list of four companies, "Royal Dutch Shell," the British market value amounted to 135 billion dollars, followed by "Toyota Motor," Japanese and "Exxon Mobil" American V "BP," the British.

Romania gets IMF emergency loan

The International Monetary Fund (IMF) and other lenders have agreed in principle to provide Romania 20bn euros (£18.4bn; £26.9bn) in aid.
The IMF will lend 12.95bn euros, the European Union will provide 5bn euros and the World Bank will lend 1bn euros.
The European Bank for Reconstruction and Development (EBRD) is to invest up to 1bn euros in Romania over two years.
Romania is the third EU nation to be given IMF aid recently, after loans were given to Latvia and Hungary.
The latest IMF economic program has been agreed by its staff mission, but needs approval from the executive board and management.
Similarly the World Bank needs to agree its part of the deal and the European Commission must approve its contribution.
'Perception'
The IMF said core measures under the plan are aimed at "strengthening fiscal policy further to reduce the government's financing needs and improve long term sustainability, thus preparing Romania for eventual entry into the euro zone".
"This is very good news for Romania because the sum covers entirely the financing gap," Ionut Dumitru of Raiffeisen Bank said.
"I expect the first impact of it would be an improvement of foreign investors' perception towards the country."
The EBRD said about half of its loan would be dedicated to the financial sector, with the remainder invested across the broader economy, including in the corporate, energy and energy efficiency and national and municipal infrastructure sectors.

The announcement of the biggest loss in British banking history

The British bank, "Royal Bank of Scotland" Thursday to achieve a net loss of $ 34 billion dollars in 2008, the biggest loss in the history of British banks and companies. He also announced the World Bank, the second largest British banks in terms of size, that would amount to $ 462 billion of bad debt and doubtful in a special fund included the British government. He warned the employees of the possibility of dispensing with the large number of posts, and said he will reduce his activities, which extends to 35 countries, and focus mainly on the local market. Kln and "The Royal Bank of Scotland" on the verge of collapse during 2008, and forced the British government to intervene to save the purchase of about 70% of the shares. The bank suffered from the results of his wrong decision to buy the Dutch bank, "ABN AMRO", in 2007, which resulted in the loss of 16 billion pounds.And blamed the bank's board chairman Philip Hampton, blamed the losses on what he described as "unprecedented turmoil" in world financial markets. "We owe Bastmrarna to the British government and taxpayers, and we thank them for their support." In the same context, British newspapers drew sharp criticism at the former Executive Director of the bank Fred Goodwin, who considered him responsible for a lot of wrong decisions that have caused such enormous losses. British newspapers criticized for Goodwin on pension exceed 650 pounds sterling per year, in addition to being subjected to any investigation carried out by the government in so far. He also criticized the British finance minister Alastair Darling, the financial benefits obtained by the former director of the bank at the time of separation, which amounts to 16 million pounds. Among these benefits are a huge pension for life. Darling said he had asked Goodwin to waive some of these benefits. Darling said in an interview with the BBC that it was difficult to understand why people get Goodwin to Rtab retirement worth 650 thousand pounds a year for life when they see the situation reached "Royal Bank of Scotland."

Dollar up to the summit despite the deteriorating global economy

U.S. dollar may continue its strength in the global economic weakness Lusk. With the continuation of the downward momentum of the stock markets, the dollar has shown great strength. The trend will continue buying the dollar against key currencies this week, where the global economy in the suffering and hatred of the risk rates continue to rise. Economic Analysis U.S. Dollar USD - U.S. dollar higher, despite the negative economic data After the decline in prices in the stock market to its lowest level in 12 years during the past week, the reaction is the strong rise in the dollar. Against the euro, the dollar rose by almost 100 points in trading hours Pulley, is now trading near 1.2600 level. And achieved similar to the U.S. dollar rises Alpound at the beginning of the day at 1.4314 and is now near the 1.4260 level. Earn a dollar, and recently as a result of the weak global economy. In talking about the number of rescue plans, invoices stimulation, and the development of conditions for domestic investment, start many of the hedge fund in reliance on this coin, which benefit from the policy of economic protection. The economies that depend on exports, they suffer from this economic protection, as these economies to rise when the rates of import to restore the missing Alokhm during the times that the deteriorating situation on the international level. The dollar benefited from this situation. Pushed many banks and large financial firms from the high-risk investments and headed to the currencies that are considered a safe haven, and the dollar is a safe haven currency amid the basic now. As a consequence, in the opinion of traders are reflected in many of the supposed economic results. With the announcement of further negative data, traders expect the currency and the continued rise in commodities which are considered a safe haven - the dollar and gold - and reach the levels of force not seen since the centuries. There will be no different this week with the situation as it is expected to be made public on the many economic indicators, is expected to show all of the continued deterioration of the economy to all sectors. Euro EUR - the weakness of the euro is evidence of the deterioration of investor confidence Given the decline in value against the core currencies over the past few trading days, it seems that the desire to acquire at least the euro more and more traders. The euro has gained momentum in the downward trend against the euro is now moving under the terms of the level of 1.2600. In the face of Alpound, the euro suffered losses, too, approaching the level of 0.8840 in early trading hours today. Of the currency did not help the fact that the European Union has rejected demands the assistance of the last currencies in Eastern Europe in need of financial assistance. Thus, all the analysts fear could become a reality, it appears that the euro zone attracts competitors regard to the limitations of our trade and protection policy. The large economies such as Germany, the most affected by the small economies j Eastern Europe. After a series of economic data, which focused on the vulnerability, which became the euro-zone economy, it appears that the European Bank will be forced to cut interest rates again to reach 1.50%. Britain has followed this trend of cutting interest rates by 50 points to reach 0.50% on Thursday. The traders began to develop expectations for interest rate cut and many investors believed that this week of more weeks to raise the Forex market since the beginning of 2009. Japanese yen JPY - weakness of the yen, rising more clearly Traders noted, investors in the Japanese yen in recent times that the downward trend that has taken the Japanese currency. When the global economic recession, there was a dash to the transactions of purchase of spare borrowing when interest rates. This helped the yen's strength. With the continuation of negative data from other economies, the yen, acting for safe harbor. And now show signs of the Japanese yen, constant pressure by making investors worried about the state of the Japanese economy will not be able to address the weaknesses of the current wave. And handling at the highest levels to the basic currency in recent months, the yen is now preparing for the loss of most of its gains. In light of this negative turn of events in Japan, there is no doubt that the weakness of the currency's going to hurt the Japanese economy in ways that may make it difficult for Japan's economy recovery. Japanese yen is trading at its lowest level in 2009, when it reached the level of 79.55 against the dollar and 122.67 against the euro. Traders will not wish to see reflected in this direction any time soon. Oil Crude Oil - the continuing decline in oil demand, as is the case with crude oil prices After climbing to the highest rate in recent Andr $ 45 a barrel last week, crude oil prices continued to decline. Have seen a decline in the price of two days in a row and is now trading below the $ 44 directly. This comes immediately after the short-term increase was achieved after falling as low as 42.50 dollars in late trading hours on Friday. Many analysts said that the world in light of the economic recession is responsible for the downward trend in oil prices. This remains the case, as many analysts expect the rate of decline in the demand for more oil during the fiscal year 2009. Given that the specter of recession this show for investors, it is likely to continue the negative pressure on energy prices in spite of the last pieces of the rates of production from OPEC. Technical Analysis Euro / dollar EUR / USD Since the opening of trading this week, the husband fell by 100 points. Appears on the chart for four hours, there is downward price channel was formed and that the spouse test 1.2540. Traders looking to break the level of support for this channel, this may lead to a downward trend elsewhere. Alpound / dollar GBP / USD Alpound located within a narrow trading over a few days ago, where the act on the level of 1.4270. At the present time, shows the intersection of the downward Alastockacetk slow on the graph of the four hours that the husband had entered a downward trend with the possibility of targeting the 1.4200 level. Dollar / yen, USD / JPY This seems to be the husband had the upward trend after the composition of the summit at 79.65. Be the graph model for the daily candle "Duoji" three-way, indicating that a strong and imminent defeat, and refers to all the indicators of volatility and therefore decrease the downward momentum completely. May be evidence of penetration level of 96.80 on the health of the downward trend. The dollar / franc USD / CHF Since the composition of the bottom at 1.1460, reflected the course of the husband and is now trading around the 1.1700 level. Show signs of upward Almcd index and Alastockacetk slow chart for four hours and, therefore, upward movement seems to be imminent. Appears that the purchase was the preferred option today. Daily recommendation U.S. dollar / Norwegian Koruna USD / NOK Kma husband entered the upward trend in the recent very strong, up more than 1,500 points in a few days. Appears on the chart for four hours a price upward very clear, with a high likelihood of more. This could be a great opportunity for forex traders to enter into a strong trend.

UAE economy is able to overcome the crisis

Analysts and officials said the United Arab Emirates UAE is able to withstand the global financial crisis thanks to the intervention of the authorities and the strengthening of public expenditure, stressing that the economy will recover faster than many other countries.He reminded them that the high-spending by the government means that the economy of the seven emirates that constitute United Arab Emirates would avoid the worst consequences of global financial crisis, even if that government intervention has been slow somewhat in the Central Bank was forced to support the Dubai liquidity.The Minister of Education and Higher Education Sheikh Nahyan Bin Mubarak Al Nahyan, "Believe me, that (the recovery of the economy) will be closer than many think."Sheikh Nahyan said in front of the participants in the economic forum in Dubai this week, "We are lucky because our government has taken several steps to address the problem of" economic slowdown.Like the rest of the GCC oil-rich, by the proceeds of crude oil in the UAE with a large fall in prices following the record high reached last July when more than $ 147 a barrel.However, the UAE, particularly Abu Dhabi, which owns across the vast majority of the UAE oil, collected over the past years a huge financial surpluses from oil revenues.Emirate of Abu Dhabi has one of the largest sovereign fund in the world.For his part, said the chief executive of Deutsche Bank in the Middle East and North Africa, Henry Azzam, "The Gulf Cooperation Council Alkhalii in a better position than many other countries," lack of oil resources.Azzam said in an interview with reporters on the sidelines of the forum, said the Gulf states "they have huge reserves abroad when the crisis began."He said Gulf governments have been intrusive, especially through "Anfakip fiscal policies, and policies relating to money and deposits" in banks.The Government has moved in the UAE in October to support the bank and placed at the disposal of 32,6 billion dollars to boost liquidity and to ensure their deposits in banks operating in the country. Was also a lower interest rate.The Government of the Emirate of Abu Dhabi last January to pump 16 billion dirhams (4.36 billion dollars) in five local banks to strengthen confidence in the financial sector.Azzam criticized the slow pace of Gulf governments to act to reassure the markets and what it has done in the field range of the reaction and not pre-empt things.The emirate of Dubai, which do not have the surpluses of oil revenues, was the most open to world markets, and thus the most affected region of the repercussions of the global financial crisis.The real estate sector slowed down significantly in the emirate after the staggering pace of growth during the past few years, particularly since the opening of the sector to foreign Almtstmaren in 2002.Dubai has issued the bonds last month, the value of 20 billion dollars in order to be able to meet financial obligations as it has strongly borrowing over the past years.Dubai's debt with the exception of the debt of banks, 74 billion dollars.Azzam said, adding he did not procure the refinancing of Dubai is estimated at between 15 and 16 billion dollars this year, said the problem at the level of Dubai's debt will affect the risk assessment for the whole UAE.For his part, the Director-General of the Chamber of Commerce and Industry, Hamad Buamim, Dubai, expressed his confidence that the economy of the emirate of Dubai will recover soon. He told reporters that "Dubai is the gateway to this part of the world in which economic power is the key Saudi Arabia," alluding to the role played by the emirate's regional hub for trade and services."I am optimistic that the year 2009 will be the stability of the year and the year 2010 will be a growth year, but not growing like we have seen in the past," referring to the rapid growth of the emirate over the past years.And the International Monetary Fund forecast that the growing economies of the Gulf Cooperation Council by 3,5% in 2009 compared with the estimates point to 6,8% growth recorded in 2008.

The introduction of the new stock market index Egx70 early March

Amr Fawzi wrote: Maged Shawki, Chairman stressed that the Egyptian stock market stock market index in connection with the inauguration of the new Egx70, which measures the performance of 70 companies active in the stock market to work by early March in the Egyptian market after excluding the 30 companies most active components of the index Egx30 to work side by side index with the old Cup 30, which was renamed the Egx30 And in line with the amendment, which was named with the new Stock Exchange to become the Egyptian Stock Exchange Egx instead of Cairo and Alexandria Stock Exchanges, on the other hand the main index rose for the Egyptian Stock Exchange by 55 .2% at the close of trading yesterday. The The total value of market trades 708 million pounds.

Million purchase of treasury shares

Ghneim Salwa wrote: Under the guidance of Dr. Mahmoud Mohi Eddin said the investment Holding Company for Metallurgical Industries one million shares of treasury stock Egyptian Iron and Steel Company of its activity in support of the movement of the stock market price of 13 Egyptian pounds per share. And Abdul Aziz al-Hafez, chairman of Egyptian Iron and Steel Company to the Holding Company for Metallurgical Industries owns 97.5% of the shares of the iron and steel, there are 5 million shares in the hands of private shareholders and made the holding of the mineral industries by offering to buy one million shares because of the low share price to about 10 pounds to 70 pounds at the time of the stock market recovery, pointing out that the price was always at a stable rate of 37 pounds, and the nominal value of 2 pounds. The head of the company said that the purchase of the shares is also the benefit of the holding company through the purchase of the stock today, a very low price and sell at high prices in the future, and the difference represents the profit of the Holding Company and the Company is the holding company is the authority for any financial crisis experienced by its affiliates. He added that the Holding Company for Metallurgical Industries, has already conceded that the amount of shares owned by the Iron and Steel Company in exchange for payment of debts owed to the National Investment Bank, was valued at 1600 million pounds and the iron and steel company to pay 700 million pounds of the debt stock of the Bank and the immediate payment of the remainder of the through a waiver of the Holding Company for Metallurgical Industries of the shares owned by 3 companies that have a value of 900 million pounds last year. He has been paid in full the outstanding indebtedness on the company and ended with the debt of $ 7 billion pounds in 2005 to zero in 2008, noting that without the settlement of the debt owed by the iron and steel company today bears the payment of 800 million pounds in interest each year.

Minister of Investment:

Dr. Mahmoud Mohi Eddin, Minister of Investment, the ministry is keen on investment in the sugar sector is about 200 million pounds annually over the next three years, stressing the government's keenness on the interests of cane growers and a profit margin for them to encourage them to move in the cultivation of this crop strategic and increase supply to the sugar company, commensurate with the costs of production.This came in response to requests for briefing on the discussion and requests for a meeting of the Council for the increased costs of the cultivation of sugar cane crop and the demand by increasing the rate of supply to 250 tons cane per ton, with Dr. Mahmoud Mohi Eddin, the Government is prepared to raise the price of the supply of tons of cane so as to maintain the balance of the interests of farmers and sugar companies and complementary industries and consumers.The Government has responded to the demands by the People's Congress to increase the supply price of tons of sugar cane, and maintained at the same time the stability of sugar prices for consumers, pointing out that over the past four years has been raising the price of supplying tons of sugar cane, 105 pounds in the 2004/2003 season to 130 pounds in 2005/2004 to 160 pounds in 2005 2007 and finally to 182 pounds per tonne in 2008/2007.He said that the sugar industry and the complementary bore the burden of increases in the prices of sugarcane and production requirements, particularly the prices of diesel, gas oil and electricity and that it should be maintained on the work of the company's criteria for economic efficiency in order to continue in its role in maintaining the stability of sugar prices in the market for the benefit of the consumer, and to fulfill its obligations to the sugarcane farmers . and about the workers who are up to 22 thousand workers, in addition to seasonal and temporary employment.He noted that the Government at its next meeting with the Committee on Agriculture and Irrigation, the People's Assembly will reach an agreement with members to determine the appropriate increase in the price of supplying tons of cane, which will be effective retroactively as of January 2009.

20 million Chinese lost their jobs due to global crisis

BEIJING AP: More than 20 million people work in China because of the global economic crisis, which has dark Bgiyumha to Beijing, is a threat of social explosion, and the Chinese government is talking about''passing''the worst year of the Chinese economy for decades. Observers fear the outbreak of riots and unrest among the rural population, an estimated 600 million people and caused the crisis in more conflicts and disputes with the workers who are laid off without giving them any compensation. Chinese officials have received instructions from their government to move people and talk with him to comfort him rather than a method of repression, as was the case until now. The Shin Chiven in charge of a government team assigned to follow up on the countryside over the seriousness of the situation resulting from the crisis in China, indicating that the official line taken by the Chinese government, saying''the police will not be used in the face of protests, except in very severe cases, such as fighting or vandalism and arson ''. Ordinary workers and began again in the search for work in the cities following the return of the celebration of Chinese New Year with their families in the countryside, but many of them had found work, and specialists in the provision of employment stress fall in demand is a clear demonstration of the labor force, especially by companies operating in the the export sector, pointing out that many workers who have been laid off from their jobs did not even find the money needed to travel to their families in the villages to celebrate the new year, which is often the greatest opportunity to reunite the family. It is expected that the declining economic growth in China from 13% in 2007 to 7,5% this year, as reduced production in China for the sixth straight month. Despite this gloomy atmosphere deliberately Fein President Jiabao, the Chinese government to show optimism about the economic situation of the country's broadcasting some hope in the midst of this gloomy atmosphere, declaring during his visit to the European view of London that''light at the end of the tunnel'', Jiabao Fein was not clear enough when he declared his Government's intention to inject additional funds by the funds in the first program to stimulate the economy, which was adopted last November and the value exceeded 400 billion euros. However, observers believe that the situation is not worse and not expected to improve the economic situation in China before the second half of this year. Shin Chiven warned of social unrest because of high unemployment, saying''we have 25 to 26 million temporary workers are not only difficult to find a job .. Often unreliable interim working the whole family''. Official data show that the number of job seekers in rural China is currently 130 million people and contribute to their income by two-thirds of the budget provision in rural areas. But the Chinese government hopes that the working population of these areas in particular, to save the Chinese economy through mitigation of the consequences resulting from the decline in export, through increased domestic consumption, according to note in particular the Council of State and the Communist Party,''which states that rural areas represent the greatest source of encouragement domestic demand''. These included the list of programs planned in these areas to stimulate consumption are estimated to cost several billion, and there is the view of the billions to be handed over directly to the farmers, but the government did not succeed in times of prosperity itself to increase the incomes of the rural population, although many government initiatives that can be described in good faith has continued to increase the gap between poor farmers and urban dwellers, the rich. It also emerged during this crisis, the repercussions of the lack of a social system that the government will increase the unemployment refrain from spending, which thrives only in an atmosphere of social security as deemed Mengjao Shin, an economist at the Bank Citibank''American''in China, which confirmed that consumption would not recover in China only through the provision of the necessary foundations for that'', but many of the requirements of this recovery can not be provided in a short time''.

Spanish economy enters a phase of stagnation

Spanish central bank confirmed on Wednesday that the country's economy has entered a phase of stagnation, starting from the fourth quarter of last year after registering a decline during the two consecutive quarters. The Spanish economy during the last year the total growth rate by 1 .1 per cent, or b «low» »compared with 7 per .3 per cent, which was recorded during the year 2007. The Spanish bank attributed this decline to a decrease in the volume of demand on the domestic consumption and investment, which was aggravated during the fourth quarter of last year in spite of the positive rate of 7 .1 per cent in terms of foreign trade. Foundation seeks to enable the release of lower interest rates and inflation as well as actions taken by the Government to control the financial crisis «mitigation» the back of this, stressing that the recovery of domestic demand will be difficult in light of «climate of shrinking» in the world economy. It should be noted that the Spanish economy during the last year known as «sharp fluctuations» with the collapse of the real estate market, followed by the instability of global capital market boom, which led to the weakening economy and the establishment of a lack of confidence between the financial bodies.

Is the opportunity to come to the acquisition projects

The (Saudi Arabia, the group) on the estimated profit to the end of the penultimate month of 2008, showing a decrease of 77% over the same period the previous year, this decline has been attributed to the petrochemical industry (suffering) of the decline in the prices of their products worth more than low prices initial, with the exception of projects that depend on gas, ethane and methane, a summary of the publication of this Declaration, which carries with it the important information and petrochemical projects to be assessed according to their vulnerability to crisis, the first two projects affecting them loss-making crisis is a result of lower prices varying the value of greater decline in the prices of materials Initial production, making the sale price less than the cost of production, the proportion of the losses vary from company to offset the decline as the prices of raw materials (petrochemical, gas and oil) and the decline in the prices of the final product of the company, and this is what many analysts expected, but the announcement of these figures is what confirms the magnitude of expected losses in the petrochemical companies in Saudi Arabia, the results of the fourth quarter and 2009 results. The other part is affected by lower corporate profits only as a result of the use in the production of methane and ethane, which received support from the fixed price of 75 U.S. cents, which makes the best of other petrochemical projects and protected from the vagaries of the market to some extent, as new projects and expansions in the large the past two years led to an increase in the percentage of loans and increased depreciation and capital of these companies, which reduces the profitability of its shares, which is a heavy burden on the management of these firms to balance between these facts, which may prolong the period of reimbursement of the losses to come, and to clarify the difference between the two sections, the first section to buy feedstock used in the article production value of 75 cents and sells the final product, including approximately $ 300, noting that foreign companies to buy the same article feedstock ten times the price at which the company bought Saudi Arabia, while the second section of article Vistrae propane feedstock for example, at $ 470 and its production is sold at 820 dollars, of course, without going into details production costs and the complex and no matter what the difference is significant, and here could be considered the best petrochemical companies to invest in the coming period and measuring the ratios of the risk. Which explains why a Chief Executive Officer (SABIC) Viparwat that the cost of production of petrochemicals in the Gulf not to exceed $ 200 per ton, while more than $ 800 a ton abroad, which may reveal opportunities to acquire a large and successful companies will not be able to deal with the crisis, would dominate the Gulf States in the very near to the petrochemical industry in the world as it now controls the oil and gas production, according to a report recently that the Arab countries do not repeat the whole, only 8% of oil production in the world. He also told the President (SABIC) is also the cycle of petrochemicals in the lowest level for now and that was expected to start in the 2009 financial crisis, but preceded the events and strange here that contrary to his statement that (SABIC) Had I known that the financial crisis has postponed the purchase of the company's plastics giant General Electric the value of 43 billion riyals for a better price, the deal has sparked resentment of many writers and analysts and traders in the market, when I heard about this deal, I remembered that I had read in a book the former Executive Chairman of the General Electric Company (John Walsh), one of the most important strategy of General Electric Co. is to present the projects that do not achieve the aspirations of the company up for sale, but according to my understanding of the global reporting and the statements of SABIC officials that the aim of the purchase is not profit as much as it is to take advantage of the capabilities of the company's development and marketing and more to gain a greater proportion of the market, the overall difference between the supply of SABIC The next presentation is not big. Announcement of the results of the group now puts us a vision of the market situation during the fourth quarter results announcements represented the largest sector of the market (PC), which constitutes more than 34% of the market, where I expect to receive a substantial change in the investment strategies of companies, the market, which called for a re-evaluation of the distribution and The governor of the large investment funds, which will take place in the fluctuation of the prices are investment opportunities in a large number of companies which have traded at prices unexpectedly for a short period to provide opportunities for Mguetnasin, was getting more profits of some companies in the first half of next year as some of the petrochemical products sold contracts period of up to 4 months old prices, which could postpone the loss of some companies to the first half of next year.
Al-Jazeera, who washttp://www.al-jazirah.com/97106/ec17d.htm